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EU carmakers face tough India market even after trade deal

BERLIN, Jan 27 (Reuters) – European carmakers, squeezed by U.S. tariffs and price wars in China, will get a welcome boost from an EU-India trade deal that sharply drops tariffs on car imports, but face a tough market dominated by homegrown firms and compact Japanese “kei cars.” India and the European Union are set to sign a trade deal on Tuesday, including slashing tariffs on imports of EU-made cars to 40% from as high as 110%, the biggest opening yet of India’s vast market for Volkswagen and Renault. Stay up to date with the latest news, trends and innovations that

Economic leaders at Davos say global growth is resilient despite Trump disruption

DAVOS, Switzerland, January 23, 2026 (AP) — Leading global economic policymakers at the World Economic Forum in Davos urged countries and businesses to filter out the turmoil from a week of clashes with the Trump administration and focus on boosting growth and fighting inequality in a world where trade will continue to flow and international cooperation is still badly needed. The global economy is showing unexpected resilience despite the noise, European Central Bank head Christine Lagarde, International Monetary Fund head Kristalina Georgieva and World Trade Organization head Ngozi Okonjo-Iweala said in a panel discussion Friday. But while growth is holding

NATO veterans say Trump ‘crossed red line’ questioning their Afghan service

LONDON, Jan 23 (Reuters) – Veterans from across Europe hit back at U.S. President Donald Trump’s suggestion that they had stayed off the front lines in Afghanistan, saying on Friday that hundreds of their comrades had died fighting alongside American forces. Senior politicians joined the criticism, with the British Prime Minister’s office saying Trump had been “wrong to diminish the role of NATO troops” during two decades of war. Trump told Fox News on Thursday the United States had “never needed” the transatlantic alliance and accused allies of staying “a little off the front lines” in Afghanistan. ‘WE PAID IN

UN human rights chief urges US to uphold international law in immigration crackdown

GENEVA, Jan 23 (Reuters) – The U.N. human rights chief urged the Trump administration on Friday to ensure that its migration policies respect individual rights and international law, citing concerns over arbitrary and unlawful arrests and detentions. “Individuals are being surveilled and detained, sometimes violently including at hospitals, churches, mosques, courthouses, markets, schools, and even within their own homes, often solely on mere suspicion of being undocumented migrants,” the United Nations High Commissioner for Human Rights, Volker Turk, said in a statement. U.S. President Donald Trump’s immigration crackdown has seen some 3,000 heavily armed masked federal officers deployed to the

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